Anyone who followed me into shorting the June 2022 Eurodollar and has been frustrated at the lack of a drop can be comforted (at least slightly) by Friday October 9th’s action…

https://futures.tradingcharts.com/chart/GE/62?anticache=1633812155

This should explain why I am now short (with a 15100 buy stop) the stock market (NASDAQ) too:

https://futures.tradingcharts.com/intraday/NQZ1?anticache=1633813412

Now that the Treasury is free- via the temporary until December lift of the debt ceiling- to auction off huge amounts (like $600B per month in both October and November) of Treasuries the question is who- other than the Fed and those the Fed pays- will buy the Treasuries yielding an all time LOW?

https://www.wsj.com/articles/real-government-bond-yields-tumble-to-record-lows-11627432920

I believe the total media assurance that the Fed still controls interest rates and therefore you can ignore the little man behind the curtain’s (actually the Treasury Secretary Yellen is a little lady) desperate need to get the Federal government cash via auctions is the ELEPHANT IN THE ROOM

If you have to buy any stock I recommend gold and/or silver mining stocks

Big Bob the Bond (and 2022 Eurodollar) Bear